PRIVATE SECURITIES

Total including Taxes
PURCHASE / SALE 1.3068%
MIN. FEE $605
DIVIDENDS AR$ 2.42%
DIVIDENDS U$S 0.35% x TC
DIVIDENDS EURO 0.35% x TC
SUBSCRIPTIONS 2.42%
MIN. FEE DIV/SUBSC $484

SOVEREIGN BONDS

Total including Taxes
PURCHASE / SALE desde 0.51%
hasta 1.51%
MINIMUM FEE $ 500
INCOME 0.85%
LETES (USD-denominated Treasury Bills) al vto.: 0,125%
REPAYMENT 0.35%
RENT/REPAYM MIN. FEE $ 484

SECURITIES PLEDGES

Pro rate at 90 d
UNDERWRITER 0.287%
Incoming Withholding Registered 3%
Not Registered: 10%
MINIMUM FEE $ 484
BORROWER 0.413%
MINIMUM FEE $ 484

DEFERRED PAYMENT CHECKS

Pro rate at 90 d
PURCHASE 0.39%
INCOME TAX WITHHOLDING Registered: 3%
Not Registered: 10%

INVESTMENT MUTUAL FUNDS

Tavelli Mix
Management Companys fees 1.82%
Depository Companys fees 0.18%
Tavelli Plus
Management Companys fees 2.02%
Depository Companys fees 0.18%
Tavelli Renta
Management Companys fees 2.02%
Depository Companys fees 0.18%
Tavelli Pymes
Management Companys fees 2.00%
Depository Companys fees 0.18%
Tavelli Global
Management Companys fees 0.62%
Depository Companys fees 0.18%

OPTIONS

Total including Taxes
PURCHASE/SALE 2.015%
MINIMUM FEE $ 484

OTHER CONCEPTS

Total including Taxes
ACCOUNT MAINT MIN COST $3.630